Terms: A 10% down payment is required at the conclusion of the auction, to be paid in certified funds and made payable to Engelbrecht and Bucholz, PLLC, Trust. The real estate is being sold "as is, where is," with no warranties or guarantees expressed or implied. The sale is not contingent upon financing, appraisal, inspections, or any other contingencies. The property is being sold subject to Court Approval, which may take approximately 45 to 60 days from the close of the auction.

Abstract and Title: This transaction will close without an updated abstract. Buyers will receive the original abstract of title at closing, which was last brought up to date in 2015. It will be the buyer's option and responsibility to update the abstract after closing, if they choose to do so.
Real Estate Taxes: Buyers shall be responsible for any and all prorated real estate taxes up through the date of closing, any unpaid real estate taxes payable in prior years, and all subsequent real estate taxes.

Closing: Closing shall be held within ten (10) days of the Courts approval. The balance of the purchase price will be payable at closing by certified funds or wire transfer.

Possession: At closing upon payment in full.

NO REAL ESTATE BUYERS PREMIUM!

Registration: Visit www.fraiseauction.com to register and bid today!

Beau D. Buchholz, as the Partition Referee in the Iowa District Court for Lee North County, Case No. EQEQ007701 - SELLER

Representing & Closing Attorney: Beau Buchholz of Engelbrecht and Buchholz, PLLC
123 First St. SE, PO Box 59, Waverly, Iowa 50677 (319) 352-1148



Disclaimer and Absence of Warranties: All information contained in this and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer during the time of the sale will take precedence over any previously printed material or any other oral statements made, except the purchase agreement.

The property is being sold on an 'As Is, Where Is' basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained is believed to be accurate but is subject to verification by all parties relying on it.

All lines drawn on maps and photos are approximate. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The auctioneer reserves the right to change the bidding increments at any time during the auction.

The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, legal competence, etc. All decisions of the auctioneer are final.

Agency: Fraise Auction & Real Estate and their representatives are exclusive agents of the seller.
Currency Type: USD

Special Terms
Fraise Auction & Real Estate is providing Internet bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate or anyone else if the Internet service fails to work correctly before or during the auction.

Fraise Auction & Real Estate will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction concludes. Fraise Auction & Real Estate reserves the right to withdraw or re-catalog items in this auction.

The property is selling subject to public road easements, utility easements and all other easements of record.
Seller shall not be obligated to furnish a survey.
If, in the future, a site cleanup is required, it shall be the expense of the buyer.
Buyers are not bidding contingent on financing or any other contingencies. All sales are final.
The Property is being sold �As Is, Where Is�.

This is a soft close auction. Any bid placed in the final 3 minutes of an auction results in the auction automatically extending an additional 3 minutes. The bidding will extend in 3 minute increments from the time the last bid is placed until there are no more bids and the lot sits idle for 3 minutes. Therefore, the auction will not close until all biding parties are satisfied and no one can be outbid in the last seconds without having another opportunity to bid again.